My partner and I are buying a newly constructed duplex in Leighton Buzzard and my solicitor is telling me that she is duty bound to the mortgage company to reveal incentives from the builder. The Estate Agents are hassling me to exchange contracts and I have no desire to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
A relative recommended that where I am purchasing in Leighton Buzzard I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Leighton Buzzard conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Leighton Buzzard around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Leighton Buzzard Education with plans and statistics, Local Amenities and other useful data about Leighton Buzzard.
I am looking for a leasehold apartment up to £195,000 and found one near me in Leighton Buzzard I like with amenity areas and station in the vicinity, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Leighton Buzzard in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
What makes your site different to other online quote calculators for conveyancing in Leighton Buzzard?
At this site get an accurate quote from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Leighton Buzzard. As opposed to estate agents and many comparison sites we do not operate commission arrangements with solicitors. Many agents and online brokers 'recommend' the firm who pay the most kickback, as opposed to the best value conveyancing in Leighton Buzzard
I need to retain a conveyancing solicitor for remortgage conveyancing in Leighton Buzzard. I've stumble across a web site which appears to be the perfect solution If it is possible to get all formalities completed via phone that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?